Canal Street Beat | New Orleans Real Estate News

Boomtown Casino & Hampton Inn Construction Adds Hotel Rooms to West Bank

December 6, 2013 • Construction, Hotel & Hospitality, West Bank • 5076

A new $20 million Boomtown Casino luxury hotel and a four-story Hampton Inn will add more hotel rooms on the West Bank. Both are currently under construction. The newest additions to the West Bank hotel lineup are expected to open early next year. Boomtown will open in March. The five-story hotel will boast 150 rooms, [&hellip
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“Engine 37” Coffee House for Laurel Street Fire Station Wins City Approval

December 6, 2013 • News, Uptown, Zoning and Land Use • 4409

Sylvi Beaumont and her husband bought the former fire station from the city in a surplus property auction in May, and are proposing a coffee shop with a few apartments adjacent to it. Though the building’s zoning is residential, it has never been used as a residence, she noted, but as a coffeehouse will [&hellip
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441 Unit Esplanade at City Park Apartments Sell for $54.5M

December 5, 2013 • Acquisitions, Mid-City, Multi Family • 6836

Priderock Capital Partners of West Palm Beach, Fla., purchased the 441-unit Esplanade at City Park, 3443 Esplanade Ave., for $54.5 million in a deal that closed Nov. 19. The seller is listed as Old Man River Esplanade LLC, a group led by New York real estate investor Jeffrey Feil. His family company, The Feil Organization, [&hellip
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Stirling Properties Break Ground on River Chase Shopping Center Expansion

December 4, 2013 • Construction, Development, Northshore, Retail • 5495

Stirling Properties just broke ground on a 9,000 SF expansion to River Chase Shopping Center in Covington, Louisiana. Construction recently commenced on the 2-tenant building that will be the future home to Men’s Wearhouse and Bellagio Salon & Spa. Located next to Region’s Bank, both stores will open summer of 2014. Men’s Wearhouse, a specialty [&hellip
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Tulane Moves Forward With New Riverfront Tech Campus

December 4, 2013 • Central Business District, Construction, Economic Development • 4040

Tulane’s plan for a new technology campus focused on coastal applied sciences and engineering is finally moving forward. The plan, originally called Riversphere, has been in the works since before Katrina. The new campus will house the Tulane University Riverfront Campus for Applied Coastal Sciences and Engineering and will be located in downtown New Orleans [&hellip
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JP Breaks Ground on Woodmere Community Center

December 3, 2013 • Community Development, Jefferson Parish • 5614

A $1.2 million construction permit was issued Nov. 20 for the Woodmere Community Center in Harvey on Edgewood Street at Woodmere Park, which will serve a community of more than 12,000 residents. Three fourths of the financing came from the state with the rest from Jefferson Parish. The community center features a 3,400-square foot building [&hellip
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Stirling Acquires Class A Office Building in Baton Rouge

December 2, 2013 • Acquisitions, Baton Rouge, Office • 4162

Stirling Eight United Plaza LLC, an entity comprised of local investors led by Stirling Properties, acquired United Plaza VIII from Wink United Plaza LLC on November 25, 2013. Built in 1993, the 3-story, Class A office building is located at 8641 United Plaza Boulevard in the United Plaza Office Park in Baton Rouge, Louisiana. The [&hellip
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Construction Well Underway On Tulane’s Yulman Stadium

December 2, 2013 • Construction, Sports & Specialty • 8171

Tulane is making significant progress on the construction of its new $72 million, 30,000 person seat football arena, Yulman Stadium. Reports are that construction alone will cost $63.5 million, and the remainder will be eaten up by soft costs. The major donors are Tom and Gayle Benson ($7.5 million to name the field), Jill and [&hellip
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Pontchartrain Housing Corp. Moves Forward With New 37,000 sf Head Quarters

December 2, 2013 • Commercial, Construction, Development, Mid-City, Office • 7850

The Pontchartrain Housing Corp., a non-profit manager of affordable housing the Archdiocese of New Orleans, is building its new 37,000-square-foot corporate office building on a vacant parcel of land at 3900 Howard Ave. The site used to house a warehouse, but those improvements were demolished in 2012. Pontchartrain Housing Corp. purchased the property for $1.198 [&hellip
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Blighted Algiers Condos Finally Demolished

December 1, 2013 • Public Development, West Bank • 4471

Algiers residents who worked for 6 years to to get the blighted condos at 1100 Patterson Road demolished finally saw the fruit of their labor last week when the 30 unit condos building was destroyed within a few hours. “We never gave up,” says Skip Gallagher, a Board Member and former President of the Algiers [&hellip
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